Binance Labs invests in UXUY to strengthen its layout in the Bitcoin Lightning Network and multi-chain DEX ecosystem

According to BlockBeats news, on March 8, Binance Labs announced its investment in the decentralized multi-chain trading platform UXUY, aiming to support the development of the Bitcoin Lightning Network ecosystem. With the investment from Binance Labs, UXUY will strengthen its construction and layout in diverse ecosystems such as Bitcoin Layer2. UXUY is an incubation project of Binance Labs S6. As an outstanding team representative, UXUY was invited to participate in Istanbul Binance Blockchain Week and deliver a keynote speech. Currently, UXUY has reached an in-depth cooperation with Binance Web3 Wallet to jointly promote the development of inscriptions and decentralized indexers. As an early builder of the Bitcoin ecosystem, UXUY innovatively built a Launchpad based on the Lightning Network, becoming the world's first DEX to run Lightning Network nodes. It also launched the Lightning address DID service, fully supported Bitcoin Taproot assets and became the core of Lightning Labs. Contributors. UXUY is constantly improving the Bitcoin ecological infrastructure. BlockBeats previously reported that UXUY completed a $3.2 million seed round of financing on April 11, 2023, with participation from Bixin Ventures, Waterdrip Capital, KuCoin Ventures, Mexc Ventures, Pionex and other institutions.